Amended tax returns come with IRS audit risk

[Michael Plaks]

"Filing a large claim for a refund on an amended return will almost always cause an audit," according to a former IRS attorney. https://www.taxprotoday.com/news/raise-your-hand-if-you-want-your-taxes-audited

This is something I have been telling investors forever. Especially when they want to file a "quick and dirty" return with minimal deductions to qualify for a loan (which is mortgage fraud, by the way) and then file a "real" return with maximum deductions requesting a refund.

[Natalie Kolodij]

Originally posted by @Michael Plaks:

"Filing a large claim for a refund on an amended return will almost always cause an audit," according to a former IRS attorney. https://www.taxprotoday.com/news/raise-your-hand-if-you-want-your-taxes-audited

This is something I have been telling investors forever. Especially when they want to file a "quick and dirty" return with minimal deductions to qualify for a loan (which is mortgage fraud, by the way) and then file a "real" return with maximum deductions requesting a refund.

I feel like I have at least one of these a year. 

I haven't filed since 2014 but I am trying to close on a  house in 3 weeks! I have no records but here are some ballpark figures! 

....Excuse me?